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Labor usage 0.4 hours per unit
Labor rate
$30 per hour
Machine hours 3 machine hours per unit
The Hale Company uses a modified allocation method for allocating
overhead costs. The rates that will be used in the coming year are as
follows:
Required:
Prepare the following production budgets for July, August, and
September for the Hale Company:
1. Production budget
2. Materials purchase budget
3. Direct labor budget
4. Overhead budget
For the quarter (quarter totals only), prepare the:
5. Cost of goods manufactured budget
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ACCT 556 Week 4 Homework Problems
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